TrustCo splits pennies in dividend declaration

TrustCo Bank Corp NY said Tuesday that its board of directors declared a quarterly cash dividend of 6.5625 cents per share, or 26.25 cents on an annualized basis, payable April 1 to shareholders of record as of March 4. The amount is up 5 percent from dividend payments a year ago, the banking company said.

Glenville-based TrustCo said it has paid a cash dividend every year since 1904. TrustCo, with assets of $4.0 billion, operates through its subsidiary Trustco Bank 134 offices in New York, Florida, Massachusetts, New Jersey and Vermont.

Shares (Nasdaq: TRST) fell 17 cents to close at $5.95, but were up a penny to $5.96 in after-hours trading.